nine hundred seventeen standard and poor's has dropped america's ranking to a plus well this comes off to a last minute debt deal this week narrowly rescued the country from default and this increases the spending cuts agreed by congress one of the whole trillion dollars short and if it's not changed the rating could comment further in the coming years but the a bomb or administration says you know this is way off and will damage and the recovery is in washington for us. it really is more than anything a huge a symbolic and unprecedented blow to the united states to its status as a safe investment basically what this credit rating lowering does it is it really raises questions about the validity of the united states and the ability of the u.s. politically to get its financial house in order so to speak the record here for the american people for the u.s. government could be severe now while this only takes it down from aaa to a.a. plus with

a negative outlook threatening in fact that the rating could get lowered even more in the next two years what it does is it potentially sends the message that the united states is a risky investment that could send interest rates going up for the federal government and because other borrowing costs are tied to that that means mortgage payments could go up mortgage interest rates go up car interest rates can go up and really the rest of the u.s. economy could be severely affected now one thing that we do have to keep in mind here is that the obama administration had pointed out that the s. and p. had made an error of about two trillion dollars in. projections in releasing that information now the s. and p. doesn't make these decisions based on any sort of special information they really it really is a political reaction based on facts that are available to just anyone and so the other thing we have to keep in mind here is that these same credit ratings agencies essentially allowed top ratings to continue in the united states at a time when we. we're investing

a lot of money in these mortgage securities that essentially in their laps and pulling down the u.s. economy with it so they don't really have all of that much credibility in the eyes of the world market still however we don't know what will happen come monday when the markets when will open and if those interest rates do rise there could be a root ball at this very unstable economic time here in the united states with the passage of this debt deal the u.s. government's hands are essentially tied in terms of stimulating the economy in terms of any sort of new spending that could boost growth we saw g.d.p. growth stalled to almost a crawl in the second half of the year we saw on top of that the jobs report that came out on friday for united states while it was somewhat positive it actually showed negative growth because it means that more people here in america have given up looking for work so politically there's really not that will in washington to do what's needed to stimulate growth and financially they simply do not have the tools in their possession in order to improve things here and so while these credit

rating agencies may sometimes be accused by some financial experts of having missed the mark long ago these small tiny effects in terms of higher interest rates could really really cripple what's already seems to be a worsening recession here in the united states. to return to come home america adult u.s. says the rest of the world is now realizing that america is losing its financial dominance. the reality is our economy is in terrible shape and the government's actions are actually counterproductive as number of member nobel prize winning economists and other top economists have said the focus now should not be on deficit should be on getting the economy moving in creating jobs unfortunate government is going in the opposite direction focusing on deficit knowledge is really choke the money supply even more is the lack of prosecution of wall street executives for a collapse of the economy showed a real spinelessness even more bad policy decisions the the regulation of wall

street which was led by the guys who caused the problem who work now for obama actually was inadequate i think people see the mr action of our economy and recognize that the days of the u.s. edge of money on the economy are coming to an end. and renowned economist richard wolfe told us that many a waking up to the reality that the u.s. economy is crippled we've had twenty years of being told that a private enterprise economy is the royal road to success and prosperity forever then we had a crash of that system now we've had a recovery by a government that took care of the banks and insurance companies first and the short of us it would trickle down it's not trickling down that's what these unemployment numbers mean that's what the increasing foreclosure of people being thrown out of their homes means and so on the stock market is finally the investment community itself realizing that this system is broken and that there is

nothing on the horizon to take it out and the anxiety that used to be among all the average people the vanishing middle class and all the people worried about government spending that anxiety is now spreading even to the top of the economy as they realize they've gone way too far and may have killed the goose that is laying the golden egg at least for them. china is holding the u.s. debt is a media do reacted to the news all the downgrade saying washington needs to cure its debt addiction the usual suggested a new stable reserve currency is needed instead of the dollar the concerns are also rising as is the largest economy india where the finance minister called the situation grave. reports now from new delhi asian markets are tumbling they were tumbling on friday obviously we don't know what's going to happen on monday in specific reaction to this news but many analysts many financial

analysts here predicted this especially after the u.s. debt ceiling debate that took so long and in many ways is what people are saying led to these lower approval rating back i guess you could say so the markets have tumbled here people are losing confidence in the american economy obviously there are things that soaring there is thing a lots of decisions not specifically being made when it comes to that two point four trillion dollars and caused a lot of people are wondering if it took the u.s. this so long to come to a decision just to raise the debt ceiling how much longer could it take to actually figure out but typically where it occurred in asia has a very vested interest in this if you think about what these ratings actually means that means that the united states won't be able to repay a lot of their loans in asia actually hold three trillion dollars in the united states alone so people here are watching what's happening in the united states very closely when the asian investors the ditching bones in the wake of what's been a tough week for america's economy and so he says investor and old jim roaches. all

the asians already know that america's got problems all of us are already moving out of u.s. government bonds we never got out of the first global recession unemployment in america is still higher than it was in two thousand and eight the american debt is skyrocketing gone through the debt of through the roof america is in worse shape now than it was before america spent a lot of money and the people who got that money are better off but the overall situation is much worse america's quadrupled its dead america if you take in they consider the things that they guaranteed they printed huge amounts of money you know the world has gotten worse the world hasn't gotten better but they sure the us will default that's why people are moving away from us government bonds because everybody knows that the us is in serious trouble and the debt situation is getting worse and worse not better and better. the time great came too late to hit europe's stock markets which have already taken a hammering this week being battered by the euro zone and america's debt

difficulties meanwhile the e.u. leaders criticize the u.s. rating agencies blaming them all double standard saying they will create a european one in response on teton who bushel has more now from brussels. we used downgraded trust in the rating agencies to junk. polls the agency admitted a two trillion dollar miscalculation when deciding this downgrade they claim to have the world's best minds working for them that hasn't really surprised people here because most know that america's has had unsustainable that for many years now well everyone apart from the rating agencies it seems and the day before collapsed in the credit crunch they still had aaa ratings on those companies now that made the agencies lose their reputation but people lost their whole savings and triggered the world recession that followed. the rules of furious about s. and p's double standards they held with the white house be foolish decision they

briefed them about it when it would take place what would happen and that's allowed the white house to prepare a smooth response to the media and even question the the agency's judgment happened last week when the agencies graded the european union countries and their ratings now that suggests that the agencies are saying the very least and as a result the european union is creating its own agencies will do this downgrade for americans who will see themselves having to pay more more interest on their loans and having to pay more on that is bad really for everyone around the world who lend money to america because it raises the risk of them not getting that money back. one small debt for a man and one joe and black hole for a government when later in the program we're in new york to ask what's the difference between debt and those of our leaders. much worse for

a government to be and why because we trust the government to do the right thing and they're doing absolutely the opposite of that but don't you trust yourself to do the right thing and live within your means i do mean dad is such that i can pay off. the largest antigovernment protests israel has ever staged starting now across the country as we speak and indeed we bring you live pictures all of the rally taking place at the moment until of if activists expect hundreds of thousands to take to the streets in what will be the third consecutive weeks of rallies and the biggest demonstration is taking place right there as i say in tel aviv one one street has already been renamed by some as israeli tell here that's off to the square in cairo where the egyptian revolution took place and. is at the moment live there in tel aviv joins us from there paula the organizers they say that they hope tonight's

rallies will top the one hundred fifty thousand that took to the streets last saturday a week ago what looks like a massive show of discontent with the government doesn't it. well it certainly does i continue to build up the meat here his event to find the protesters are a mixture of jubilant and defiance they say that they're not going anywhere until the israeli prime minister benjamin netanyahu meet their demands now today is the saturday in a row that demonstrators are taking to the streets here in tel aviv this approach tasting interweave slim and in a number of cities around the country the police hakim hippie presence they are taking seriously the promise of protest organizers that more than three hundred thousand people will take to the streets now at this stage it's difficult with these numbers have in fact turned out that. i continue that it took me some time to reach this alive position all the roads here have been closed off the police have been out in the streets for more than twelve hours now they're off particularly worried that these protests might dissolve into some kind of violence and just

walking here i've passed hundreds of protesters walking in the opposite direction holding up then as they were all united under the slogan of this demonstration which is the people demand social justice not tonight and not a slow one has been added that slogan is the people are taking back the country and certainly throughout the course of the day we saw polls been going on going out on specific groups from the wives of policeman from social workers from teachers from doctors they said that they were mobilizing the communities and calling on them to turn out in large numbers here tonight not tonight's protests also comes in the wake of controversial housing mr slater that was passed this week by the israeli parliament the israeli knesset according to protesters here it again allows for only the wealthy to buy housing putting affordable housing out of the reach of ordinary people so that is why you are hearing is radio is incredibly angry they say that netanyahu is not only not listening to their demands he is completely out of touch with what people here are thinking. where you are uprising in

egypt you know you were in caro during the revolution do you think it's a fair comparison. i think the comparison is fair in certain we are hearing that comparison being made on the streets of tel aviv this demonstration is mobilized around eight main street in tel aviv that's known as the last child boulevard and for the better part of three weeks that street has been turned into a chain city there are hundreds upon hundreds of tents their way people are sleeping where people are eating they're holding discussions they're playing music and they themselves are referring to the street as your corner to hear square of course being the heartbeat of the egyptian revolution here in israel it's also a demonstration that has launched the mobile. by the youth which is what we saw happening in egypt it is also a demonstration that is receiving support online people are tweeting all the time people are updating posts on facebook they're putting videos and pictures on you

tube and certainly have a calling for regime change which is what we've heard happening in egypt but perhaps one difference is that this demonstration hasn't yet become and and talking to protest organizers they say that they will not allow it to become violent but whether or not that happens remains to be seen because the israeli prime minister benjamin netanyahu is remaining as defiant as ever we're hearing very little from him in fact just yesterday the leader of the opposition c.p. leave me he launched a scathing attack on him saying that not only was he out of touch with the people but the only response he was doing was to try and squash the protests in fact anywhere we've heard from netanyahu these days is that these demonstrations are part of and mass movement sweeping the country. live there from tel aviv thanks very much indeed paula and of course we'll be following this wave of protests in television across israel throughout this saturday night and paula will be bringing us the latest on air also online as she's been posting our comments on what's

happening there on our twitter page that is r.t. underscore com so stay with us for the developments there in israel. thirty one u.s. special forces personnel and seven afghan soldiers have been killed in a helicopter crash in afghanistan the aircraft was hit by a rocket propelled grenade in the eastern province incident marks the biggest single loss of life for american forces in the country and some of the officers on board the helicopter were reportedly part of the same unit that carried out the assassination of osama bin laden political analyst dr kim has told me earlier that it shows how the taliban is getting stronger ahead of the planned withdrawal. i think it will not affect. the government america too with a draw all of its forces from afghanistan but they knew that there will be more and afghanistan into war against the taliban and al qaida because the taliban are

getting ground in afghanistan i mean. stronger and stronger to. date it is not possible for florida. to confront it because the people of afghanistan pays all for war. by the way our website has plenty on stories of the mummy see on screen and plenty more here's what's on life at the moment you can check out the dramatic video this pattern where plays. moscow and also from london to. a group of hardline muslims want shari'a law introduced in the u.k. which could condone amputations the petty theft and industry point you can check out our section where we draw majors to.

people loyal to former ukrainian prime minister yulia tymoshenko continue to protest against arrest her supporters have set up a tent camp in the center of the capital kiev she was arrested on friday for contempt of court. has more now from the spot. several dozen supporters of you are protesting here believing that the case is politicized and being orchestrated directly by president several hundred more people are stationed in the tent camp at the main. street and give the kinetic street that's where the court building is we're hearing off constant clashes between the supporters of. the law enforcement officers is being accused of serious economic crimes including striking unlawful gas deals with russia and unlawful usage of money which ukraine

received from signing the kyoto protocol several years back now it is interesting because there have been already comments from russia's foreign ministry which urged ukraine to hold a transparent and fair case on yulia timoshenko as well as saying that all gas deals which ukraine and russia signed in two thousand and nine were completely legitimate and were signed in full accordance with the two countries laws and also be very sharp comments coming from the european union with almost all of the organizations in europe criticizing the current state of affairs the fact that you . has been placed under arrest and they demand that she must be released immediately and that the trial must be held in a transparent way. up to twenty minutes past the russian capital more international news now in our world update for you this hour syria's foreign minister has pledged for democratic general elections in the country by the end of the year it comes as activists say fresh clashes in syria left at least twenty four people dead with

security forces firing on anti-government protesters the six day crackdown is now reportedly killed around two hundred people across the country international condemnation of the violence is growing and u.s. is working on new ways to influence the situation beyond sanctions. seventeen people have been killed and four injured in a multiple collision in southern china state media says the pilot was treated after two trucks. collided flipping one of them into the path of an oncoming passenger many of us authorities are investigating whether overloading of the vehicles involved may have been a factor in the accident here or back to the u.s. now on the drama that seen its top credit rating take a knock if you or i get into debt of course the bank is on our backs without delay yet it's only now that america which owes trillions is seeing its credit score decline well online talk show host laura how often it's asked people in new york why americans are so keen on borrowing.

why do you think so many people allowed themselves to get so far and that is the is the age that we live in everybody sees the person next door that they've got the brand new car the lifestyle and that's what they want is so much advertising and people just want you to spend money so i think that's the difference between americans and europeans but you have advertising in europe are you just you don't pay attention to it or. i think we pay less attention to it and we probably think a little more about what we need and what we can afford it's all about thinking yes i think so is it worse for you to be into it personally than it is for a government to be into. so much work for government to be and why because we trust the government to do the right thing and they're doing absolutely we opposite

of that but don't you trust yourself to do the right thing and live within your means i do but i'm in debt such that i can pay it off debt is dead it's bad for governments bad for individuals and the government should show leadership show they've got to clean it up do we really expect our government to get its act together if we can't get our act together for small families we can only hope that individuals and the government will step up and make a difference whether or not you're in debt personally the bottom line is we've become a planet of debtors so it might be time for all of us to rethink what it is to live within our means. next we travel thousands of kilometers east of where i'm sitting here in moscow and also millions of years back in time.

we're in the far eastern region it's a remote but rich area holding russia's largest reserves of precious metals but artie's on his head has met one team whose treasure lies not in gold but bones. this week the russia close up team is coming to you all week from the far east and more region now for many this region's distinctive jews who its proximity to china and its vast reserves of war materials and natural resources but the one paleontologist and his team it's the bones of ancient dinosaurs discovered deep within the ground here that will put this region firmly on the map. u.t.v. last ski is a man obsessed with the power of a bygone age when dinosaurs rule this part of russia he may have been born in the country's most western areas but it's the far east on tap jurassic history in the region to which he has devoted his adult life to mr necker very near this site to

be known since about nine hundred forty eight an unbelievable number of bones are buried here and i think will be digging for at least another two years they're literally everywhere here we are no region is lucky one of the few functioning archaeological sites only here can a site boast of having produced a complete dinosaur skeleton that discovery made over a decade ago led to the full recognition of a new breed of dinosaur an order to town or giant swan at twelve minutes along herbivore found almost exclusively here and it was you the son who first stops at the fragment of tail bone sticking out of the father and son went on to make paleontology history advancing is followed in his father's footsteps it's painstaking work requiring patience and skill in equal measure one who discovers along the way we begin to remove the ground around it from a foreign with a knife your your hand and a show where

a girl who are very slow because zero can be more balanced in the ground around it . alive this. year and his team have been excavating this site for the past three years and already they found well over howell's and dinosaur bones approximately sixty five million years old but they believe that the bones of hundreds of more dinosaurs i get to be found within this small plot alone i am told that these will most likely be fragments of another giant duck billed plant eating unique to the region and named in its honor the are more saurus is another previously undiscovered breed credited to team the lot ski which includes natalia also as scientists it was she who came up with both dinosaurs names as well as taking day to day charge of running the region's only paid intelligence the burra tree and museum each new discovery mist be carefully

catalogued and examined the aim is to inspire the next generation of dinosaur hunters was to not want ensuring the family's feats don't go i'm remembered for that. here you can see a photo of your blood ski at the excavation site and here you see photos of i'm going to soras this is the skeleton of and i was sorry it's quite a stranger to reptile isn't it and to learn from the follies of history as miles and this is charles marsh an american poli until august in one thousand nine hundred seventy he visited moscow and announced that there were no dinosaurs in russia and everyone believed him yet luckily u.-t. belonged comes from a long line of scientists who chose to follow their own instincts and secure place in the history books as one of the world's foremost sites for paleontology it was there just terminations and no small amount of digging that revealed a dinosaur jackpot alice habits are see the more regions. from russia's far east to

the country's northern capital in just a few minutes will be travelling to some petersburg with moscow out. before that i'll be back with a summary of all my new stories ahead lines stay with us live from moscow.

feel. the of them is to sleep few to. feel. thank you. wealthy british style but. sometimes it's kind of funny. to manage. hi guys.

markets. find out what's really happening to the global economy stronger no holds barred global financial headlines kaiser report.

from the russian capital this is. a top stories now this. is a strictly u.s. of its highest credit rating infuriating the country's lindis to china suggesting it's time to. replace the. israelis brace for another round of unprecedented government mass protests. the country's revolution in egypt. and in eastern afghanistan killing thirty one u.s. special forces personnel and seven afghan soldiers with. responsibility it's the biggest single american military operation stopped about one hundred fifty. expos a place that's fit for a queen and his final sometime trip to st petersburg.